The deal "accelerates our plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place."
AmEx is "in a tricky situation because they have a large corporate book and a big T&E book and those are the parts in the world’s economies that are weak."
"The first two months of 2020 continued the strong momentum we have delivered over the past two years, but we’re now in a different world."
The Q4 results "demonstrate the success of our strategy to generate sustainable, profitable growth across the enterprise over the long term.”
Performance was driven by “a well-balanced mix of spending volumes, lending income, and card fees.”
This is the third acquisition of a dining-industry platform for American Express in less than two years.
Amazon Prime members can choose between a 90-day interest-free period and 5% cash back.
The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
The company's consolidated expenses rose 21% to $5.8 billion in Q2 as it tried to keep affluent customers from switching to rivals.
The company has been more aggressively marketing its products and making changes to the Platinum Card to recover from the loss of its Costco partnership.
Ninety percent of 500 companies surveyed agree international markets offer considerable growth opportunities.
Twenty CFOs who have career-defining tests ahead.
